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H2 2022 Lansing Market Report

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While at a slower pace than the first half, retail expansion continued during the second half of 2022. The strength of Lansing's retail market was shown with several new users entering the market. Despite challenges, new retail developments and occupier activity have continued throughout the area. 

Companies in the area have downsized their footprints, resulting in all-time-high vacancy levels. Office space remains critical for businesses, but just as employees are rethinking how they work and live their lives in the post-pandemic world, companies are trying to reevaluate and right-size their office needs. 

Ongoing demand for industrial properties continued to exceed an already low supply of inventory. Activity remained strong in both sales and leasing, with rental abatements and concessions becoming less necessary for sellers and landlords recognizing their market dominance. 

Read our entire H2 Market Report to learn more about the retail, office and industrial sectors in the Lansing area. 


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H2 2022 Lansing Market Report

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Shawn OBrien

Vice President

Lansing

I bring a wealth of knowledge in brokerage and property development from my more than three decades of commercial real estate experience. I specialize in the site selection, redevelopment, land brokerage and development of retail and mixed-use properties. I also provide development consulting and both the acquisition and disposition of investment properties throughout Michigan. 

Prior ot my role as Vice President at Colliers, I was a Senior Vice President for a Lansing-based commercial real estate firm associated with CBRE for 19 years. 

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Julie OBrien

Vice President

Lansing

I joined Colliers in 2019 bringing more than 25 years of client/customer service experience to the Colliers team. I have worked in commercial real estate as an industrial advisor and team leader with a focus on growing the mid-Michigan industrial sector since 2011. My experience includes seller/landlord and purchaser/ tenant representation, site selection, broker’s valuation assistance and numerous other real estate services. I take great pride in the relationships I have developed with my clients while providing the highest quality of service to fulfill their unique real estate needs.

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Nicole Wiseman

Senior Associate

Lansing

I specialize in office space leases and sales in addition to tenant and landlord representation services in the Mid-Michigan area. 

My career in commercial real estate began in 2013. I worked as an administrative assistant and marketing coordinator before becoming licensed and beginning work in brokerage as an office advisor in 2017. I joined Colliers in 2021 as a Senior Associate specializing in the office sector.

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Amy Richter-Perkins

Associate Vice President

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I joined Colliers in 2020, bringing extensive commercial real estate experience. Throughout my career and over the past twenty years I have provided services to retail, restaurant, and shopping center owners throughout Mid-Michigan. I am an expert in shopping center and retail leasing, new business development, seller and buying representations, tenant advisory and site selection throughout Michigan.   

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Jeff Ridenour

Associate Vice President

Lansing

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